SpaceX filed financial information with regulators to pursue a major initial public offering in mid-June. The company did not disclose the amount it intends to raise, but prior reports suggested roughly $80 billion. That level would surpass the $29 billion raised by Saudi Aramco in 2019 and could become the largest IPO in history. The offering could value SpaceX at more than $1 trillion, potentially exceeding Tesla’s valuation and making Elon Musk even wealthier. Musk holds a controlling interest according to the documents. SpaceX’s IPO is also viewed as an AI bellwether, alongside anticipated IPOs from OpenAI and Anthropic. SpaceX operates reusable rockets and the Starlink satellite communications platform, and it merged with xAI. In the first quarter, two of its three main businesses lost money.
"In addition to making reusable rockets and running its Starlink satellite communications platform, the company last year also merged with Musk's artificial intelligence company, xAI. The document shows that in the first quarter of this year, two of SpaceX's three main businesses lost money."
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